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Agree, and this quote from the OP's link is humorous in that regard: "While blockchain is best known for its association with cryptocurrencies, it has applicat
by PKop 5y ago
Agree, and this quote from the OP's link is humorous in that regard:
"While blockchain is best known for its association with cryptocurrencies, it has applications beyond this field."
This sentiment is just thrown around without evidence. Either a blockchain has an internal reward mechanism to account for the increased costs associated with it's execution or it is simply a more complicated and expensive database looking for a problem to solve...and also is likely not decentralized.
- dogman144 5y agoGood evidence is git, which is a blockchain (linked list of hashes).
- jcliff 5y agowithout a way to resolve the canonical version without trusting a singular maintainer, git is not a blockchain. blockchains enforce consensus in a decentralized way, at least public blockchains do or should.
- dogman144 5y agoWell no, blockchain plus consensus algorithm does what you’re describing.
- jcliff 5y agoit's not a blockchain without a consensus algorithm. it's a linked list of hashes.
- dogman144 5y agoWhile I get what you're referring too, you're drawing from a community wisdom definition vs. any clear technical spec deeming it such, which is what I'm highlighting here. Even the whitepaper calls it "a timestamp network."